{"id":2705,"date":"2023-12-05T00:44:19","date_gmt":"2023-12-05T00:44:19","guid":{"rendered":"https:\/\/economicherald.net\/?p=2705"},"modified":"2023-12-05T00:44:19","modified_gmt":"2023-12-05T00:44:19","slug":"liontown-to-formally-test-the-waters-at-olympios-mulwarrie-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2705","title":{"rendered":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project"},"content":{"rendered":"<p>Liontown is proceeding with a Phase 1 farm-in at Mulwarrie to earn up to 51%<br \/>\nSoil sampling results show several lithium anomalies and high-grade gold<br \/>\nMulwarrie is adjacent to the Davyhurst project, where Wesfarmers purchased 65% of its lithium rights for $45m <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Liontown Resources has elected to proceed with the Stage 1 farm-in over Olympio Metals\u2019 Mulwarrie lithium project after completing a soil sampling program that produced several lithium anomalies and returned huge gold grades of up to 19.3g\/t.<\/strong><\/p>\n<p>The news comes after <a href=\"https:\/\/stockhead.com.au\/company\/wesfarmers-wes\/\"><strong>Wesfarmers (ASX:WES)<\/strong><\/a> recently <a href=\"https:\/\/stockhead.com.au\/resources\/wesfarmers-inks-45m-deal-for-lithium-rights-at-davyhurst-where-pegmatites-trend-into-olympios-mulwarrie-tenure\/\"><strong>inked a deal worth $45m<\/strong><\/a> for the lithium rights at <a href=\"https:\/\/stockhead.com.au\/company\/ora-banda-obm\/\"><strong>Ora Banda Mining\u2019s (ASX:OBM)<\/strong><\/a> Davyhurst project, adjacent to <a href=\"https:\/\/stockhead.com.au\/company\/olympio-metals-oly\/\"><strong>Olympio Metals\u2019 (ASX:OLY)<\/strong><\/a> Mulwarrie lithium tenements in WA\u2019s Eastern Goldfields mining district.<\/p>\n<p>Lithium exploration and development is rapidly increasingly by the day in WA\u2019s Eastern Goldfields region, which is already home to several operational mines including Mt Marion, Mt Cattlin and Bald Hill.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Mulwarrie\u2019s potential<\/strong><\/h2>\n<p>As a condition to proceed to farm-in at Mulwarrie, <a href=\"https:\/\/stockhead.com.au\/company\/liontown-resources-ltr\/\"><strong>Liontown Resources (ASX:LTR)<\/strong><\/a> collected 1,201 soil samples across both the Mulline and Mulwarrie prospects where lithium mineralisation has been identified at projects to the north and south.<\/p>\n<p>Results showed several anomalous lithium trends in the north-west of E30\/511 and E30\/512 and \u201cspectacular\u201d gold grades of up to 19.3g\/t in the south-east of E30\/511 \u2013 spurring LTR to pull the trigger on Stage 1 of the farm-in deal.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Farm-in terms<\/strong><\/h2>\n<p>LTR will now earn a 51% interest in Mulwarrie by spending $400,000 on exploration over 12 months. Once completed, OLY can option to form a JV for the project.<\/p>\n<p>If OLY chooses not to, LTR has the option to earn in a further 39% by spending $1m on additional exploration within three years as part of Stage 2 of the farm-in, while still leaving OLY exposure to proceeds of the project.<\/p>\n<p>OLY MD Sean Delaney says the company is pleased that LTR has decided to progress the farm-in agreement following the return of promising results from the soil sampling program.<\/p>\n<p>\u201cOLY still retains significant exposure to any discovery success, as the company has the ability to contribute to funding and remain at 49% once the Stage 1 farm in is completed,\u201d he said.<\/p>\n<p>\u201cIts hard to get access to exploration ground in this part of WA right now with the recent high value deals by Wesfarmers and Ora Banda Mining, Mineral Resources and Pantoro demonstrating the attractiveness of holding exploration tenements that are prospective for lithium\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Olympio Metals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/liontown-to-formally-test-the-waters-at-olympios-mulwarrie-project\/\">Liontown to formally test the waters at Olympio\u2019s Mulwarrie project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Liontown is proceeding with a Phase 1 farm-in at Mulwarrie to earn up to 51% Soil sampling results show several lithium anomalies and high-grade gold <a href=\"https:\/\/economicherald.net\/?p=2705\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2705\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Liontown is proceeding with a Phase 1 farm-in at Mulwarrie to earn up to 51% Soil sampling results show several lithium anomalies and high-grade gold [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=2705\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T00:44:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project\",\"datePublished\":\"2023-12-05T00:44:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705\"},\"wordCount\":465,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/OLY-image2-1-RGzQMT.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2705#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=2705\",\"name\":\"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/OLY-image2-1-RGzQMT.jpeg\",\"datePublished\":\"2023-12-05T00:44:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2705\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/OLY-image2-1-RGzQMT.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/OLY-image2-1-RGzQMT.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2705#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=2705","og_locale":"en_US","og_type":"article","og_title":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald","og_description":"Liontown is proceeding with a Phase 1 farm-in at Mulwarrie to earn up to 51% Soil sampling results show several lithium anomalies and high-grade gold [more...]","og_url":"https:\/\/economicherald.net\/?p=2705","og_site_name":"Economic Herald","article_published_time":"2023-12-05T00:44:19+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=2705#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=2705"},"author":{"name":"","@id":""},"headline":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project","datePublished":"2023-12-05T00:44:19+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=2705"},"wordCount":465,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=2705#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=2705#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=2705","url":"https:\/\/economicherald.net\/?p=2705","name":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=2705#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=2705#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg","datePublished":"2023-12-05T00:44:19+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=2705#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=2705"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=2705#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/OLY-image2-1-RGzQMT.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=2705#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Liontown to formally test the waters at Olympio\u2019s Mulwarrie project"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2705"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/2706"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}